commercial loan news

January 14, 2008

Bush Says Congress Should Ease Mortgage Crisis

SOURCE: CNNMoney

Not all of Bush's proposals may pass.

Criticism is pushing the White House into action in an attempt to stave off housing foreclosures. President Bush is pushing Congress to act quickly to pass proposals that he supports.

Some of the proposals are intended to have an immediate impact to help make refinancing more affordable or to stop abusive lending.

Four of the proposals that Bush is supporting are not guaranteed to be passed by Congress.

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